124 President Cyril Ramaphosa of South Africa has announced the extension of central bank governor Lesetja Kganyago’s term for another five years, starting from November. Additionally, Mampho Modise has been appointed as a new deputy governor of the bank. The presidency emphasized that the re-appointment of Governor Kganyago ensures continuity and institutional stability at the reserve bank. Mampho Modise, currently serving as a deputy director-general in the National Treasury, will assume her role on 1 April for a term of five years. She succeeds former deputy governor Kuben Naidoo. You Might Be Interested In Watsco Delivers Robust 2023 Performance, Increases Annual Dividend by 10% UK Regtech Firm GSS Secures £37 Million in Series A2 Funding Visa and Mastercard Agree to $197 Million Settlement in ATM Fee Class Action Marathon Oil Shareholders Approve $16 Billion Acquisition by ConocoPhillips, Final Steps Pending Regulatory Review Automated Tool Identifies and Responds to Hospital Outbreaks, Study Finds Cleveland-Cliffs Applauds DOE’s Final Rule on Transformer Efficiency Standards
